Crane Aerospace &Electronics has received a contract to supply tire and brake monitoring systems for 777 jets built by the Boeing Co. The sensors monitor the tire pressure and brake temperature of each wheel and displays the information on the flight deck. It uses a wireless valve stem that replaces the existing inflation valves on the tires. The system will be installed on all 777s in the future, Crane said.
Bothell biotech raises $2.6 million
Helix BioMedix Inc. of Bothell, a developer of wound-healing proteins known as peptides, has raised approximately $2.6 million from a private placement of nearly 2.6 million shares of stock and stock warrants to investors. Proceeds from the stock sales will be used to pay for the small biotechnology company’s research and development efforts and general expenses, the company said.
Mukilteo firm adds French partner
CombiMatrix Corp. of Mukilteo and Array Genomics Inc. of France are partnering to develop and sell a new line of genetic tests. The first tests, to be manufactured by CombiMatrix, will be designed to diagnose genetic anomalies associated with mental retardation. The companies said those tests are expected to generate revenue within the next several weeks. Array Genomics will distribute the products in Europe.
Schneider to leave SonoSite board
Richard Schneider will step down from SonoSite Inc.’s board of directors at the end of his term in April for personal reasons, according to a regulatory filing from the Bothell maker of hand-held ultrasound devices. The former venture capitalist has served on the company’s board since 2001.
T-bill rates rise in Monday auction
The Treasury Department auctioned three-month bills at a discount rate of 4.51 percent, up from 4.5 percent last week. Another $21 billion in six-month bills was auctioned at a discount rate of 4.645 percent, up from 4.6 percent last week. The three-month rate was the highest since three-month bills averaged 4.52 percent on March 12, 2001. The six-month rate was the highest since these bills average 4.77 percent on Feb. 20, 2001. The discount rates reflect that the bills sell for less than face value. For a $10,000 bill, the three-month price was $9,765.17 while a six-month bill sold for $9,886. Separately, the Federal Reserve said that the average yield for one-year Treasury bills, a popular index for changing adjustable-rate mortgages, rose to 4.77 percent last week from 4.74 percent the previous week.
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